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Macro & Microeconomics Assignment

Australian Employment & Industrial Relations - Employment Law the Need for Unions
The law of formation of contracts may be said to be the same as the law for the formation of any other type of contract - it is governed by the same principles (a) offer (b) acceptance (c) consideration and (d) intention to be legally bound. A contractual arrangement may exist when a formal employment agreement is drawn up between the parties.  
Pages: 18 (4500 words), Assignment
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Economical Correlations Concerning Business Cycle Instability
The government expenditure during a recession does not decline. This is due to the inertia in government budgeting and spending process instead of financial activism. Net exports are that export-import increases during the recession. Domestic firms failing to experience sufficient demand in the indigenous market opt for selling the product abroad.
Pages: 19 (4750 words), Assignment
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Civilization and Capitalism
The European population model and structure before the demographic transition was based on human population and age as well as lifestyles that were directly affected into the movement of a developing country.  The population during this time was the first noted difference.
Pages: 6 (1500 words), Assignment
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Brief Background of International Treaties that Govern Carriage of Goods Prior to Rotterdam Rules
Forty years after the signing of The Hague Rules, the Protocol to Amend the International Convention for the Unification of Certain Rules of Law Relating to Bills of Lading, known also as the Visby Amendments or the Visby Protocols or the Hague-Visby Rules, was drafted and signed. The Hague-Visby was engendered by the perceived gaps. 
Pages: 20 (5000 words), Assignment
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The Importance of Commercial Banks in Economics
Central banks issue and cancel currency (legal tender). They are the only banks with a legal mandate to create and issue currencies inform of notes and coins. Central banks are responsible for regulating the quantity of all notes and coins issued. They also protect the internal and external value of the national currency (Backhaus, 2005). 
Pages: 17 (4250 words), Assignment
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Micro Economic Principles
In this example, both U. and India are gaining from this arrangement. The price of food post trade will be between 1.50 and the price for clothing will be between 0. This proves that trade will be beneficial for both the countries.The equilibrium in (a) is not optimal because in case of negative externalities, marginal social cost > marginal private cost. The diagram above shows that for a profit maximizing producer, for a given cost, the profit maximizing output is Q’ which is greater than
Pages: 6 (1500 words), Assignment
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An Economic Concern In A South American Country
Lastly, Brazil is touted as the world’s largest producer of coffee, sugarcane, tropical fruits and orange juice, and has the largest cattle herd in the world (EconomyWatch Content, 2010). Other agricultural products are soybeans, tobacco, cocoa, corn, cotton and forest products. Agriculture contributes 6.1 percent of GDP and employs 20 percent of the labor force (EconomyWatch Content, 2010).Brazil’s growing economy has created a total of 14 million jobs since 2003 (EconomyWatch Content,
Pages: 5 (1250 words), Assignment
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Country Abalysis Report
Economic integration and in January 1999 in Germany and 10 other EU countries introduced a common currency of the European Monetary System, the euro.In early 2007, the regional and international relations took center stage politics and the German government. First, Germany has played a leading role in a "roadmap", which aims to revive the ratification process of the European Union (EU) of the Constitution. This is why Germany has proposed that the Constitution is largely in its current form,
Pages: 5 (1250 words), Assignment
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Under the perfect market assumption of MM, there is no major role for banks. In recent years, it is suggested that financial innovations and deregulation have propelled the financial market toward perfection. Hence, some observers predict that banks would
In case necessary measures are not instituted to embrace innovation in order to capture newer grounds, the banks will lose out. Brigham and Ehrhardt (2010, p. 565) indicate that in the near future, customers will realize that they do not need banks but they need banking services. This will be a dangerous scenario for banks, as they will be at the verge of becoming extinct just like dinosaurs3.In addressing this problem, the banks need to have a new outlook. Investing in innovation will be
Pages: 10 (2500 words), Assignment
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Market Structure
Case, the firms do make a bigger profit in the short run; however, they believe that the entrance of the new firms and competition, the profits will erode.In a monopoly, the barriers to entry are really high which protects the market from strong competitive pressures. These barriers could be licensing, patents and economies of scale. Therefore, the firm earns a high profit in the long run. However, there will be time when the long run profits will not be positive. When the average total cost
Pages: 8 (2000 words), Assignment
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Economies of Asia
To the advanced stages they would have to increase their investment rates, develop manufacturing sectors with high growth rates, and develop a social and political framework that will make sure that new modern sectors are expanded (Contreras).The Neo-Marxist Approach has the main assertion, that developed countries always exploit the developing ones. This is backed by the fact that developed countries get primary products from developing countries and sell the finished products back to
Pages: 4 (1000 words), Assignment
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Acheson and the lobster fiefs (or Cinner and customary marine tenure in the Indo-Pacific)
Using a sample of 21 isolated villages in this area, Cinner sought to identify how the community manages the use of the marine resources that they call their own and how this is affected by the socioeconomic factors of a particular community. He explores the localized community control of marine resources commonly known as customary marine tenure and the application and implementation of this in the selected communities.Customary Marine Tenure are the traditionally used methods of resource
Pages: 4 (1000 words), Assignment
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Demand Estimation
From the table above it is clear that as price increases from 100 to 200 the quantity demanded also changes from 44,850 to 40,650. Therefore as the price of goods increase the demand decreases and also as the price decreases the quantity demanded increase as shown in the graph below.At equilibrium both the quantities of goods demanded are equal to the quantities supplied. Equilibrium price is the price of commodities when both the demand and supply are equal. Similarly the equilibrium quantity
Pages: 4 (1000 words), Assignment
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Short answer ( MACRO ECONOMICS )
Appreciation of Colombian pesos decreases the value of exchange rate between Pesos and U. It generally means that increase in the value of pesos decreases the price of exchanging pesos to dollars. In other words, U.S dollars depreciate as Pesos appreciate holding other factors constant.Justified by the information provided, it is not clear whether the budget deficit is structural or cyclical. In this perspective, the budget deficit can be structural since structural budget deficit is
Pages: 5 (1250 words), Assignment
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Economics assignment
A monopolistic market might quote very high prices because of nonexistence of other competitors. The monopolistic sellers will make use of their status of dominance in the market and maximize their profits. Oligopolistic markets, on the other hand, ensure competition in the market hence fairer prices for the consumers (Spanjers 1994).These are regulations that are put into place to prevent entrance of firms into the market. Barriers to entry into the market enable control of the market by
Pages: 4 (1000 words), Assignment
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Economics of State and Local Governments
Exit, however, involves the withdrawal from voting which is meant to engender a tinge of disapproval. The figures from both states including Massachusetts and Texas reflect differences in the preferences of the residents as the figures are quite varied. The state spending for Massachusetts is almost twice that of the spending done by the state of Texas. This could reflect structural differences between the infrastructure and development of the two states as higher spending implies greater
Pages: 4 (1000 words), Assignment
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A.How should be the structure of the suggested Central Bank for GCC? B.How might this bank be similar or different from the European Central Bank? C.What are the arguments for and against the GCC central bank?
Though a public authority, the ECB operates similar to a corporation in its management and operation (Scheller, 2006). The GCC countries also have decided to form a similar organization of the countries in the Galf Arab states. The Gulf corporation council comprises of six member states; Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates, The countries are united by the common factor of the situated along the Persian gulf and they share a common language. Furthermore, the
Pages: 8 (2000 words), Assignment
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Free Trade
Government interventions in some different industries in the production of external economies without ever having any effects on the other countries negatively (Krugman, 1987). An example is the research made by the US government to boost the mobile phone industry that will end up benefiting China, but with the profits going to the US government mostly. Consequently, the strategic trade policy and the externality arguments try to explain and promote the creation of free trade as it brings many
Pages: 4 (1000 words), Assignment
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The Federal Reserve
The margin requirements are set by Fed for purchasing of securities in private transactions. The main reason for fixing the margin requirements is to determine the amount of purchase that can be made on credit. The Fed regulates the state and the foreign banks. It establishes certain specific rules and guidelines in the areas of capital adequacy that can be applied to the banks. It is also responsible for regulating the wholesale and retail payment system for maintaining soundness and safety
Pages: 8 (2000 words), Assignment
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Practice exams
The current account surplus of China has reduced from over 10% of GDP in 2007 to a projected surplus of about 2.4% of GDP in 2014. While the US current account deficit has reduced from almost 5% of GDP in 2007 and forecast to be a deficit of about 2.8% of GDP in 2014. What does this indicate? A key driver of relatively low global bond yields in recent years has been the “global savings glut”, whereby many Asian & oil exporting countries ran large current account surpluses which have been
Pages: 5 (1250 words), Assignment
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